Kimberly-Clark Corp. missed earnings estimates for fourth quarter, leading to a -2.2% decline in its stock price during pre-market trading on Wednesday.
The personal care company’s adjusted earnings-per-share was $1.60, falling short of the $1.65 FactSet consensus. Net income came in at $411 million (or $1.18 a share) for the quarter, down from $617 million (or $1.75 per share) of the year-ago period.
Sales, however, managed to beat expectations. At $4.57 billion, it outpaced the $4.45 billion FactSet consensus. Compared to the year-ago period, sales were -1% lower.
For the full-year 2019, Kimberly-Clark projects earnings to be in the range of $6.50 to $7.50 a share. FactSet consensus is $6.66 per share.
The company expects 2019 sales to dip 1% to 2% from the prior year’s $18.49 billion.